When there’s volatility in the markets, make sure you have a plan. Look back on April. How comfortable were you? Now might be the time to readjust.
You undoubtedly felt the volatility of markets in April. After four days of losses, including drops of 4.8% on April 3, and 6% on April 4, the S&P 500 Index increased by 9.5% on April 9, its seventh highest single day return in 97 years.
How did you feel on April 3rd and 4th? What were you thinking when markets continued to retreat on the 7th and 8th? Did you feel like your margin of safety was where it belonged? One of the investing habits of the fairly wealthy is “Safety,” and if you’re not already working on your own margin of safety, I encourage you to.
Action Line: When you want to talk about your margin of safety, email me at ejsmith@yoursurvivalguy.com. Click here to subscribe to my free monthly Survive & Thrive letter.
